IPO

Last month Amwell and GoodRx, two telehealth-focused companies, listed publicly through IPOs. Amwell raised $922M with a current market cap of $7.8B, while GoodRx raised $1.3B with a current market cap of $20B. [more]

Since launching its first product in 2016, Laird has grown revenue from $0.6M to $13.1M in 2019, increasing at a CAGR of 185%. In the same period, gross margins expanded from 25% to 39%. [more]

Last week, Nuvei, a Canadian technology company focused on electronic payment solutions, started trading on the TSX, raising $833 million in the largest tech IPO in TSX history. Two classes of shares were issued, the subordinate voting shares and the multiple voting shares. [more]

Last week, Snowflake, a U.S. company focused on cloud-driven data query and analytics services, started trading on the NYSE at $245 per share, after pricing its IPO at $120 per share, double the expected range of $75 to $85 per share floated earlier this month. [more]

Since launching their IPOs last week, Rocket Companies and BigCommerce experienced an increase in stock price of 22% and 219%, respectively. However, Rackspace struggled as its stock price dropped by over 20% since its IPO. [more]

Canada’s newest tech darling closed up 80% in its first week of trading. Oversubscribed offering grows to $172.5M from $100M. The Company’s customers include top tier financial institutions and law firms serving customers in Canada and the UK. [more]

Unprofitable companies are IPO’ing and raising cash at a rate not seen with the late 1990’s, before Tech Bubble burst. [more]

Of five big IPOs this year (Fiverr, Lyft, Pinterest, Slack, and Uber), only Lyft and Fiverr had great opening days, but Pinterest is the only company of the five that is currently trading higher than its IPO. [more]